HRM is relatively new and developed as a part of Management, concerned with the Management of Human Resource.

HRM means employing people, developing their resources, utilizing, maintaining and compensating their services in tune with the job and organizational requirements.

HRM is the central sub – system of an Organization.

HRM permeates all type of functional Management. Such as :-

- Production Management,

- Marketing Management, &

- Financial Management

Meaning of Personnel Management

PM is a responsibility of those who manage people as well as being a description of the work of those who are employed as specialists.

PM is that part of Management which is concerned with people at work and their relationship within an enterprise.

PM applies not only to industries and commercial organization but to all fields ofemployment.

Meaning of HRM

HRM is the recruitment, selection, development, utilization and accommodation of HR by an Organization.

The HR of an Organization consist of all individual regardless of their role who are enjoyed and engaged in any of an Organizational activities.

HRM is a Management which manages the human resources of an enterprise such as knowledge, skills, creative abilities, talent & aptitudes by training, development, procurement, recruitment, selection, etc. With the objective of achieving goals of the enterprise.